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April 10th, 2014, 11:06 AM  #1 
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 14,597 Thanks: 1038  Continuously...
After 1 year: 100,000 @ 6% annual cpd. continuously = 106,183.65 100,000 @ 6% annual cpd. daily = 106,183.12 (using 360 days) Difference: 53 cents ! So don't be "lured" by the sound of "continuous" 
April 10th, 2014, 12:06 PM  #2 
Senior Member Joined: Jun 2013 From: London, England Posts: 1,316 Thanks: 116 
6%, however it's calculated, would lure me!

April 10th, 2014, 12:37 PM  #3 
Math Team Joined: Jul 2011 From: North America, 42nd parallel Posts: 3,372 Thanks: 233  I doubt we will see that again. Sometime within the past 30 years the powers that be figured out that people should be encouraged to spend money , that way the money stays in circulation , always exchanging hands and 'they' get a cut on every recorded transaction. This is to everyone's benefit , you can't run a big superpower country without big government. 
April 10th, 2014, 08:43 PM  #4  
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 14,597 Thanks: 1038  Quote:
Say savings rates go up 4% from 2% ro 6%; people like Pero(!) will have more money to help "they", but loan rates will go up probably by 5%, and the borrowers will have less to help "they", the "less" exceeding the "more", thus "they" will be p*ssed off!! If ya'll not sure what I'm saying, neither am I  

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